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BASF INDIA Announces Quarterly Results (3QFY19); Net Profit Down 654.5%

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BASF INDIA Announces Quarterly Results (3QFY19); Net Profit Down 654.5%
Thu, 24 Jan

BASF INDIA has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

BASF INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m12,78716,75614,050-16.1%9.9%
Other incomeRs m39294965.6%26.5%
TurnoverRs m12,82616,78514,099-16.0%9.9%
ExpensesRs m12,10816,07414,168-11.9%17.0%
Gross profitRs m757682-63-109.2%-108.3%
DepreciationRs m3713703730.9%0.6%
InterestRs m211223189-14.9%-10.0%
Profit before taxRs m214119-577-585.5%-369.3%
TaxRs m14525-193-872.4%-233.2%
Profit after taxRs m6994-384-509.1%-654.5%
Gross profit margin%5.94.1-0.4
Effective tax rate%67.721.033.5
Net profit margin%0.50.6-2.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 9.9% on a year-on-year (YoY) basis. The expenses were up by 17.0% YoY during the same period.
  • The company's operating profit declined by 108.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.4% in 3QFY19 as against 5.9% in 3QFY18.
  • Depreciation charges increased by 0.6% and finance costs declined by 10.0% YoY, respectively.
  • Other income increased by 26.5% YoY during the quarter.
  • Net profit for the quarter declined by 654.5% YoY. Net profit margins during the quarter declined from 0.5% in 3QFY18 to -2.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 16.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 11.9% QoQ during the same period.
  • The company's operating profit declined by 109.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.4% in 3QFY19 as against 4.1% in 2QFY18.
  • Net profit for the quarter declined by 509.1% QoQ, while net profit margins declined from 0.6% in 2QFY18 to -2.7% in 3QFY19.

To see how BASF INDIA has performed over the last eight quarters, please visit here.

BASF INDIA Share Price Performance

Over the last one year, BASF INDIA share price has moved up from Rs 2,202.8 to Rs 1,440.0, registering a Loss of Rs 762.8 or around 34.6%.

Overall, the S&P BSE SENSEX is up 0.2% over the year.

Current Valuations

At the current price of Rs 1,440.0, the price to earnings (P/E) ratio of BASF INDIA stands at 101.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.6 times.

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BASF INDIA Announces Quarterly Results (4QFY19); Net Profit Up 30.7% (Quarterly Result Update)

May 2, 2019 | Updated on May 2, 2019

For the quarter ended March 2019, BASF INDIA has posted a net profit of Rs 863 m (up 30.7% YoY). Sales on the other hand came in at Rs 13 bn (down 1.9% YoY). Read on for a complete analysis of BASF INDIA's quarterly results.

BASF INDIA Announces Quarterly Results (2QFY19); Net Profit Down 77.2% (Quarterly Result Update)

Nov 6, 2018 | Updated on Nov 6, 2018

For the quarter ended September 2018, BASF INDIA has posted a net profit of Rs 94 m (down 77.2% YoY). Sales on the other hand came in at Rs 17 bn (up 15.1% YoY). Read on for a complete analysis of BASF INDIA's quarterly results.

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